Monthly Archives: December 2012

Open letter to President Obama (Part 204) “Reagan on kicking the can down the road and Rep Kevin Yoder on Fiscal Cliff”

December 29, 2012 – 10:08 am

(Emailed to White House on 12-29-12)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The last agreement we had in August of 2011 on raising the debt ceiling increase was just kicking the can down the road. It appears that you just want to do the same today. You are the leader of our nation and it is your job to get the economy going. How are you going to do that? Ronald Reagan was able to get the economy by encouraging Americans to invest by cutting their taxes. 

When I think of all of the problems we are having in our economy today then I think about the period of time from 1977 to 1980 when the economy was in bad shape. How did we get out of that mess? Maybe we should look at how Ronald Reagan got us out of that mess and he brought forth one of the best periods of economic expansion in our nation’s history. Reagan was right when he said if you tax something then you will get less of it. That is similar to what Rep Yoder says below.

_______________

Rep Kevin Yoder on “Fiscal Cliff”:

This week, the talk in Washington, D.C. has focused on finding a long-term bipartisan resolution to the looming automatic spending cuts and tax increases that will hit all Americans on January 1, 2013 – called the Fiscal Cliff. There is a great amount of work to be done by both sides to come together on a resolution, but I continue to be optimistic that we will reach an agreement because I recognize how serious an issue this is. We cannot afford to continue kicking the can down the road with short-term fix after short-term fix. As a member of the House Appropriations Committee, I understand we can’t tax and spend our way out of our current fiscal situation, and we need a long-term deal.

____

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Related posts:

Open letter to President Obama (Part 201)Tea Party favorite Representative links article “Prescott and Ohanian: Taxes Are Much Higher Than You Think”

    (Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]

Open letter to President Obama (Part 200.2)Tea Party Republican Representative takes on the President concerning fiscal cliff

(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]

Open letter to President Obama (Part 200.1)Tea Party favorite Representative shares link on facebook

(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]

Open letter to President Obama (Part 199) Tea Party favorite takes on President

  The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]

Tea Party Heroes Rep. David Schweikert (R-AZ),Justin Amash (R-MI), Tim Huelskamp (R-KS) have been punished by Boehner

I was sad to read that the Speaker John Boehner has been involved in punishing tea  party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]

Some Tea Party heroes (Part 10)

Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]

Some Tea Party heroes (Part 9)

Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]

49 posts on Tea Party heroes of mine

Some of the heroes are Mo Brooks, Martha Roby, Jeff Flake, Trent Franks, Duncan Hunter, Tom Mcclintock, Devin Nunes, Scott Tipton, Bill Posey, Steve Southerland and those others below in the following posts. THEY VOTED AGAINST THE DEBT CEILING INCREASE IN 2011 AND WE NEED THAT TYPE OF LEADERSHIP NOW SINCE PRESIDENT OBAMA HAS BEEN […]

Some Tea Party Republicans win and some lose

I hated to see that Allen West may be on the way out. ABC News reported: Nov 7, 2012 7:20am What Happened to the Tea Party (and the Blue Dogs?) Some of the Republican Party‘s most controversial House members are clinging to narrow leads in races where only a few votes are left to count. […]

Some Tea Party heroes (Part 8)

Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 […]

By Everette Hatcher III | Posted in President Obama, Ronald Reagan, spending out of control, Taxes | Comments (0)

Video: The Moral Case for Free Enterprise

December 29, 2012 – 9:59 am

A couple of months ago, I discussed a column by Arthur Brooks, in which he explained that libertarians and conservatives need to make a moral argument for capitalism and not just rely on statistics and economic analysis.

This is correct, I believe, and I cited myself as an example. When the flat tax became an issue in the 1990s, I gave lots of speeches, and I pontificated about lower marginal tax rates and getting rid of double taxation. I quickly learned, though, that people were most excited about getting rid of the corruption in the current system.

Brooks now makes his case for the morality of capitalism in a new video.

A superb job. His insights on earned success are very important. Indeed, this is why the dependency culture is misguided for both taxpayers and recipients.

President of the American Enterprise Institute

And it’s also why I try to stress that bloated government is basically a racket that either allows people to obtain unearned benefits or makes it harder for people to achieve earned success.

P.S. Brooks also is more than capable of making traditional economic arguments, as you can see from what he wrote about Europe’s collapsing welfare states.

P.P.S. And he has produced some first-rate research on the loss of ethics in Europe compared to the United States.

By Everette Hatcher III | Posted in Cato Institute | Comments (0)

Open letter to President Obama (Part 203 “Reagan’s views on taxes and Rep Michele Bachmann shares a story about what “fair share” means”

December 29, 2012 – 9:52 am
(Emailed to White House on 12-29-12)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

Ronald Reagan had a lot to say about taxes and he liked cutting them. Why not take a page out of his book instead of trying to harm our job creators like you are doing?

Reagan on Taxes

Rep Michele Bachmann shared a story that relates to all this talk we hear out of Washington about the rich not paying their “fair share.”

Unfortunately this has become a novel concept for some:(

Every evening, the same 10 friends eat dinner together, family style, at the same restaurant. The bill for all 10 comes to $100. They always pay it the way we pay taxes:
• The first four are poor and pay nothing.
• The fifth pays $1.
• The sixth pays $3.
• The seventh, $7
• The eighth, $12.
• The ninth, $18.
• The 10th, (the most well-to-do) pays $59.

One night the restaurant owner announces that because they’re such good customers, he’s dropping their group dinner bill to $80. Let’s call that a tax cut. They want to continue paying their bill as we pay taxes. So the four poorest men still eat free. But if the other six split the $20 tax cut evenly, each would save $3.33. That means the fifth and sixth men would end up being paid to eat. The restaurant owner works out a plan: The fifth man eats free; the sixth pays $2; the seventh, $5; the eighth, $9; the ninth, $12; and the 10th guy pays $52. All six are better off than before, and the four poor guys still eat for nothing. The trouble starts when they leave the restaurant and begin to compare what they reaped from the $20 cut. “I only got a dollar of it,” says the sixth man, “but he (pointing at No. 10) got $7.” The fifth guy, who also saved a dollar by getting his meal free, agrees that it’s not fair for the richest to get seven times the savings as he. No. 7, grousing that the wealthy get all the breaks, points out that he only got two bucks. “Wait a minute,” the first four poor guys yell in unison. “We didn’t get anything at all. The system exploits the poor!” The nine men jump the 10th and administer a severe beating. The next night he doesn’t come for dinner. They shrug it off and eat without him. The customary $80 bill comes. Surprise! They’re $52 short.

Yes, those who pay the most taxes get the most back from tax reductions. But tax them too much — punish them for the wealth they may have — and they just might stop bringing their money to the table.

I guess this is why American businesses have about $10 trillion in offshore deposits. You can’t blame them. After all, they got tired of getting beat up to forfeit their “fair share.”

________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Related posts:

Open letter to President Obama (Part 201)Tea Party favorite Representative links article “Prescott and Ohanian: Taxes Are Much Higher Than You Think”

    (Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]

Open letter to President Obama (Part 200.2)Tea Party Republican Representative takes on the President concerning fiscal cliff

(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]

Open letter to President Obama (Part 200.1)Tea Party favorite Representative shares link on facebook

(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]

Open letter to President Obama (Part 199) Tea Party favorite takes on President

  The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]

Tea Party Heroes Rep. David Schweikert (R-AZ),Justin Amash (R-MI), Tim Huelskamp (R-KS) have been punished by Boehner

I was sad to read that the Speaker John Boehner has been involved in punishing tea  party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]

Some Tea Party heroes (Part 10)

Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]

Some Tea Party heroes (Part 9)

Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]

49 posts on Tea Party heroes of mine

Some of the heroes are Mo Brooks, Martha Roby, Jeff Flake, Trent Franks, Duncan Hunter, Tom Mcclintock, Devin Nunes, Scott Tipton, Bill Posey, Steve Southerland and those others below in the following posts. THEY VOTED AGAINST THE DEBT CEILING INCREASE IN 2011 AND WE NEED THAT TYPE OF LEADERSHIP NOW SINCE PRESIDENT OBAMA HAS BEEN […]

Some Tea Party Republicans win and some lose

I hated to see that Allen West may be on the way out. ABC News reported: Nov 7, 2012 7:20am What Happened to the Tea Party (and the Blue Dogs?) Some of the Republican Party‘s most controversial House members are clinging to narrow leads in races where only a few votes are left to count. […]

Some Tea Party heroes (Part 8)

Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 […]

By Everette Hatcher III | Posted in President Obama, Ronald Reagan, spending out of control, Taxes | Comments (0)

Dan Mitchell: “Bailouts reward past bad behavior”

December 29, 2012 – 9:49 am

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I wish the federal government would not play favorites and come in and do bailouts. It simply is not fair.

In the “Opposing View” Column, I Explain Why USA Today Is Wrong about Bailouts

September 17, 2012 by Dan Mitchell

I think it’s a mistake to bail out profligate governments, and I have the same skeptical attitude about bailouts for mismanaged banks and inefficient car companies.

Simply stated, bailouts reward past bad behavior and make future bad behavior more likely (what economists call moral hazard).

But some folks think government was right to put taxpayers on the hook for the sloppy decisions of private companies. Here’s the key passage in USA Today’s editorial on bailouts.

Put simply, the bailouts worked. True, in some cases the government did not do a very good job with the details, and taxpayers are out $142 billion in connection with the non-TARP takeovers of housing giants Fannie Mae and Freddie Mac. But it’s time for the economic purists and the Washington cynics to admit that government can occasionally do something positive, at least when faced with a terrifying crisis.

Well, I guess I’m one of those “economic purists” and “Washington cynics,” so I’m still holding firm to the position that the bailouts were a mistake. In my “opposing view” column, I argue that the auto bailout sets a very bad precedent.

Unfortunately, the bailout craze in the United States is a worrisome sign cronyism is taking root. In the GM/Chrysler bailout, Washington intervened in the bankruptcy process and arbitrarily tilted the playing field to help politically powerful creditors at the expense of others. …This precedent makes it more difficult to feel confident that the rule of law will be respected in the future when companies get in trouble. It also means investors will be less willing to put money into weak firms. That’s not good for workers, and not good for the economy.

If I had more space (the limit was about 350 words), I also would have dismissed the silly assertion that the auto bailout was a success. Yes, GM and Chrysler are still in business, but the worst business in the world can be kept alive with sufficiently large transfusions of taxpayer funds.

And we’re not talking small amounts. The direct cost to taxpayers presently is about $25 billion, though I noted as a postscript in this otherwise humorous post that experts like John Ransom have shown the total cost is far higher.

And here’s what I wrote about the financial sector bailouts.

The pro-bailout crowd argues that lawmakers had no choice. We had to recapitalize the financial system, they argued, to avoid another Great Depression. This is nonsense. The federal government could have used what’s known as “FDIC resolution” to take over insolvent institutions while protecting retail customers. Yes, taxpayer money still would have been involved, but shareholders, bondholders and top executives would have taken bigger losses. These relatively rich groups of people are precisely the ones who should burn their fingers when they touch hot stoves. Capitalism without bankruptcy, after all, is like religion without hell. And that’s what we got with TARP. Private profits and socialized losses are no way to operate a prosperous economy.

The part about “FDIC resolution” is critical. I’ve explained, both in a post criticizing Dick Cheney and in another post praising Paul Volcker, that policymakers didn’t face a choice of TARP vs nothing. They could have chosen the quick and simple option of giving the Federal Deposit Insurance Corporation additional authority to put insolvent banks into something akin to receivership.

Indeed, I explained in an online debate for U.S. News & World Report that the FDIC did handle the bankruptcies of both IndyMac and WaMu. And they could have used the same process for every other poorly run financial institution.

But the politicians didn’t want that approach because their rich contributors would have lost money.

I have nothing against rich people, of course, but I want them to earn money honestly.

By Everette Hatcher III | Posted in Cato Institute, Current Events, spending out of control | Comments (0)

Open letter to President Obama (Part 202) “Reagan’s path to economic expansion and Rep Dr.Paul Broun of GA, speech on floor”

December 29, 2012 – 9:34 am

 

(Emailed to White House on 12-29-12)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

When I think of all of the problems we are having in our economy today then I think about the period of time from 1977 to 1980 when the economy was in bad shape. How did we get out of that mess? Maybe we should look at how Ronald Reagan got us out of that mess and he brought forth one of the best periods of economic expansion in our nation’s history.

Ronald Reagan’s 1980 Television Ad Campaign

_______________

Ronald Reagan cut taxes in a big way. Maybe we should head down that path. Here is speech from a Tea Party favorite that advocates that path. A concise and fine speech by Dr. Broun:

 
Click here to listen to Dr. Broun’s speech on C-SPAN.

“Mister Speaker, we’ve reached the fiscal cliff not because we tax too little, but because we spend too much.  My Democrat colleagues want to focus on whom to raise taxes and by how much – but this debate should really be about our addiction to outrageous spending.

“Many in Congress don’t believe that what happened in Greece could happen here in the United States.  But just think about it.  Greece kept borrowing and spending more and more until eventually they couldn’t pay their public workers.  They couldn’t take care of the elderly and the poor who depend on government programs.  And they couldn’t deliver any of the retirement or healthcare services they promised its people.  Sound familiar?  It’s because the United States is headed down the same path today. 

“The Democrats think we can tax our way out of this mess.  But we’ll be right back here having this same debate very soon if we don’t cut spending. 

“Today, the Democrats are talking about taxing the top two percent.  Next time, it’ll be the top fifty percent. And so on, and so on, until we’re taxing everyone – but spending so much that we still can’t meet our obligations.

Mister Speaker, let’s shift the focus of this debate from taxing to spending so that we can give the American people what they want; a strong economy and a guarantee that programs like Medicare and Social Security will remain intact for them.

“I yield back.”

____________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Related posts:

Open letter to President Obama (Part 201)Tea Party favorite Representative links article “Prescott and Ohanian: Taxes Are Much Higher Than You Think”

    (Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on […]

Open letter to President Obama (Part 200.2)Tea Party Republican Representative takes on the President concerning fiscal cliff

(Emailed to White House on 12-21-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]

Open letter to President Obama (Part 200.1)Tea Party favorite Representative shares link on facebook

(Emailed to White House on 12-21-12) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is […]

Open letter to President Obama (Part 199) Tea Party favorite takes on President

  The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes? _______________ Milton Friedman – The Negative Income Tax Published on […]

Tea Party Heroes Rep. David Schweikert (R-AZ),Justin Amash (R-MI), Tim Huelskamp (R-KS) have been punished by Boehner

I was sad to read that the Speaker John Boehner has been involved in punishing tea  party republicans. Actually I have written letters to several of these same tea party heroes telling them that I have emailed Boehner encouraging him to listen to them. Rep. David Schweikert (R-AZ),Justin Amash (R-MI), and Tim Huelskamp (R-KS). have been contacted […]

Some Tea Party heroes (Part 10)

Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]

Some Tea Party heroes (Part 9)

Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 to 2012, it rose faster than inflation and population growth combined. […]

49 posts on Tea Party heroes of mine

Some of the heroes are Mo Brooks, Martha Roby, Jeff Flake, Trent Franks, Duncan Hunter, Tom Mcclintock, Devin Nunes, Scott Tipton, Bill Posey, Steve Southerland and those others below in the following posts. THEY VOTED AGAINST THE DEBT CEILING INCREASE IN 2011 AND WE NEED THAT TYPE OF LEADERSHIP NOW SINCE PRESIDENT OBAMA HAS BEEN […]

Some Tea Party Republicans win and some lose

I hated to see that Allen West may be on the way out. ABC News reported: Nov 7, 2012 7:20am What Happened to the Tea Party (and the Blue Dogs?) Some of the Republican Party‘s most controversial House members are clinging to narrow leads in races where only a few votes are left to count. […]

Some Tea Party heroes (Part 8)

Rep Himes and Rep Schweikert Discuss the Debt and Budget Deal Michael Tanner of the Cato Institute in his article, “Hitting the Ceiling,” National Review Online, March 7, 2012 noted: After all, despite all the sturm und drang about spending cuts as part of last year’s debt-ceiling deal, federal spending not only increased from 2011 […]

By Everette Hatcher III | Posted in President Obama, Ronald Reagan, spending out of control, Taxes | Comments (0)

“Friedman Friday” EPISODE “The Failure of Socialism” of Free to Choose in 1990 by Milton Friedman (Part 4)

December 28, 2012 – 1:27 am

Milton Friedman: Free To Choose – The Failure Of Socialism With Ronald Reagan (Full)

Published on Mar 19, 2012 by

Milton Friedman’s writings affected me greatly when I first discovered them and I wanted to share with you.

Ronald Reagan introduces this program, and traces a line from Adam Smith’s “The Wealth of Nations” to Milton Friedman’s work, describing Free to Choose as “a survival kit for you, for our nation and for freedom.” Dr. Friedman travels to Hungary and Czechoslovakia to learn how Eastern Europeans are rebuilding their collapsed economies. His conclusion: they must accept the verdict of history that governments create no wealth. Economic freedom is the only source of prosperity. That means free, private markets. Attempts to find a “third way” between socialism and free markets are doomed from the start. If the people of Eastern Europe are given the chance to make their own choices they will achieve a high level of prosperity. Friedman tells us individual stories about how small businesses struggle to survive against the remains of extensive government control. Friedman says, “Everybody knows what needs to be done. The property that is now in the hands of the state, needs to be gotten into the hands of private people who can use it in accordance with their own interests and values.” Eastern Europe has observed the history of free markets in the United States and wants to copy our success. After the documentary, Dr. Friedman talks further about government and the economy with Gary Becker of the University of Chicago and Samuel Bowles of the University of Massachusetts. In a wide-ranging discussion, they disagree about the results of economic controls in countries around the world, with Friedman defending his thesis that the best government role is the smallest one.
___________
Below is a portion of the transcript of the program and above you will find the complete video of the program:
 

DISCUSSION

Hello, I am Linda Chavez and welcome to Free to Choose. Joining Dr. Friedman for a discussion of the failure of socialism are Gary Becker from the University of Chicago and Samuel Bowles of the University of Massachusetts. Dr. Bowles, I think we can all agree that socialism has failed Eastern Europe. Dr. Friedman believes that the path out of that is the free market and I think he thinks there are lessons for the United States.

Chavez: I would like to bring this discussion back to the United States for a moment. What about socialism in the United States. There has been one area where we have tried to redistribute wealth. We have done that through our welfare policies and social security. Has that worked?

Friedman: For some people, it benefited, but taken as a whole, I think it has been a failure.

Becker: I agree with that. I think the big problem in the United States has been, of course, some of the welfare programs have been successful. But by trying to do too many things, the government is no longer doing the things that it should be doing. We all agree there are many things government should be doing. I agree with Milton __ he is a strong man to be say this is an issue between no government and 100% government. The question is what are the tasks that government should be doing. I believe the tasks are, of course, defense against outside aggression, internal protection, some infrastructure, protection of the people can’t make it. In every one of these areas, we are not doing very well. I think we are not doing well mainly because we are trying to do a lot of things we shouldn’t be doing. They can’t do all of them.

Chavez: I couldn’t help but think, Dr. Bowles, as I watched that film that the public housing area that we saw in Eastern Europe and the problems that we have here in the United States. Aren’t there some lessons to be learned?

Bowles: There is absolutely no reason why housing shouldn’t be privately owned. That does not mean that the government has no role in housing. It seems to me that housing is precisely something that ought to be a matter of private property. But we also know, from the experience of this country, that the market itself doesn’t provide housing that the rest of the public thinks is adequate for the vast majority of poor people in this country. Now that doesn’t mean it has to be done by government building the houses, but it certainly does mean that something has to be done or we are going to have the kind of homeless crisis that we have in this country and they are getting one in Eastern Europe too.

Becker: The homeless crisis is a tiny fraction of the population of the United States. Let’s not make that a major part of the housing problem in the United States. I am not at all convinced that there is any evidence suggesting that the private system cannot provide adequate housing. I think there is a good case to be made that there are poor people in this country and the government obviously has to help them out. We all agree on that. But should they be doing it by building housing or by giving them income and permitting them to spend as they see fit. I see no evidence from the U.S. or any other country who were better off when then government takes a major role in housing or any of these other particular activities that allocate resources.

Friedman: What role has been played in the difficulty of getting housing by government interventions? By rent control? By excessive building code regulations, many of which are designed to protect the interests of special groups. Government played a very large role.

By Everette Hatcher III | Posted in Milton Friedman, spending out of control | Comments (0)

Every Friday you need to click on www.theDailyHatch.org for “Friedman Friday”

December 28, 2012 – 12:16 am

Every Friday you need to click on www.theDailyHatch.org if you would like to see a video clip of Milton Friedman as he shares his common sense conservative economic views. Many of his articles are posted too. I remember growing up and reading those great articles every week in Newsweek. They are just as relevant today as they were then.

So many points brought up by liberals sound so good at first but really are easy to answer logically. Take the example below.

I remember like yesterday when I saw Milton Friedman on the Phil Donahue Show. Donahue had thrown up one of those liberal accusations against the free enterprise system. Below is the exchange that I saw that day:

Phil Donahue: When you see around the globe, the mal-distribution of wealth, a desperate plight of millions of people in underdeveloped countries. When you see so few “haves” and so many “have-nots.” When you see the greed and the concentration of power. Did you ever have a moment of doubt about capitalism and whether greed is a good idea to run on?

Milton Friedman: Well first of all tell me is there some society you know that doesn’t run on Greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course none of us are greedy, it’s only the other fellow who is greedy. The world runs on individuals pursuing their separate interests.

The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way.

In the only cases in which the masses have escaped from the kind of grinding poverty you’re talking about – the only cases in recorded history – are where they have had capitalism and largely free trade.

If you want to know where the masses are worst off, it’s exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.

Donahue: But it seems to reward not virtue as much as ability to manipulate the system…

Friedman: And what does reward virtue? You think the Communist commissar rewarded virtue? You think a Hitler rewarded virtue? You think – excuse me – if you’ll pardon me – do you think American Presidents reward virtue ?

Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout ?

Is it really true that political self-interest is nobler somehow than economic self-interest ? You know, I think you’re taking a lot of things for granted. Just tell me where in the world you find these angels who are going to organize society for us ? Well, I don’t even trust you to do that.

Below are links to some of the past posts:

Discussion on Equality from Milton Friedman and Bradley Gitz

Milton Friedman – Redistribution of Wealth Uploaded by LibertyPen on Feb 12, 2010 Milton Friedman clears up misconceptions about wealth redistribution, in general, and inheritance tax, in particular. http://www.LibertyPen.com __________________ Check out this excellent article below on equality from today’s Arkansas Democrat-Gazette (paywall): What is equality? By Bradley Gitz This article was published today at 3:00 […]

“Friedman Friday” Tribute to Milton Friedman (Part 5)

 Milton Friedman: Life and ideas – Part 05 99th anniversary of Milton Friedman’s birth (Part 13) Milton Friedman was born on July 31, 1912 and he died November 16, 2006. I started posting tributes of him on July 31 and I hope to continue them until his 100th birthday. Here is another tribute below: Sheldon […]

Famous Milton Friedman Quotes(“Friedman Friday” Part 4)

Milton Friedman on the Causes of Inflation (“Friedman Friday” Part 4) FRIEDMAN FRIDAY APPEARS EVERY FRIDAY AND IS HONOR OF THE NOBEL PRIZE WINNING ECONOMIST MILTON FRIEDMAN Famous Friedman Quotes By John Beagle Milton Friedman – University of Chicago School of Economics Professor As I read the comments by Milton Friedman, I can’t help but think […]

Milton Friedman on the power of choice (“Friedman Friday” Part 3)

FRIEDMAN FRIDAY APPEARS EVERY FRIDAY AND IS HONOR OF THE NOBEL PRIZE WINNING ECONOMIST MILTON FRIEDMAN. The Power Of Choice By John Beagle An interesting compilation of Milton Freeman as an economic freedom philosopher. Milton makes the case for economic freedom as a precondition for political freedom. The title of this video, The Power of Choice […]

The stimulus did not work, Milton Friedman knew that 40 yrs ago (“Friedman Friday” Part 2)

Happy Birthday, Milton Friedman! Author: Jonathan Wood Milton Friedman, one of the greatest minds of the 20th century, would have turned 99 on Sunday.  Though few individuals have been as deserving of praise, Milton Friedman was “much more interested in having people thinking about the ideas” than the person having them.  In that spirit, we […]

John Fund’s talk in Little Rock 4-27-11(Part 2):Arkansas is a right to work state and gets new businesses because of it, Obama does not get that, but Milton Friedman does!!!(Royal Wedding Part 18)

Ep. 8 – Who Protects the Worker [1/7]. Milton Friedman’s Free to Choose (1980) Speakers at the First Richmond Tea Party, October 8-9, 2010 John Fund   John Fund is a columnist for The Wall Street Journal and its OpinionJournal.com and an on-air contributor to 24-hour cable news networks CNBC and MSNBC. He is the […]

Balanced Budget Amendment the answer? Boozman says yes, Pryor no (Part 13, Milton Friedman’s view is yes)(The Conspirator Part 18, Lewis Powell Part A)

Dallas Fed president and CEO Richard W. Fisher sat down with economist Milton Friedman on October 19, 2005, as part of ongoing discussions with the Nobel Prize winner. In this clip, Friedman argues for a reduction in government spending. I really wish that Senator Pryor would see the wisdom of supporting the Balanced Budget amendment. […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 14)(“The Conspirator” movie, part 1)

  Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to do so in the future. Here are a few […]

 

 

By Everette Hatcher III | Posted in Milton Friedman | Comments (0)

Reagan: “When you can’t make them see the light, make them feel the heat.”

December 27, 2012 – 7:16 pm

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Sometimes you just have to turn it over to the people and let them put the heat on the lawmakers. That is what Ronald Reagan meant when he said, “When you can’t make them see the light, make them feel the heat.”

I am glad that the Republicans have not given into Obama’s demands yet. I think he will hear from the people and fold like a cheap deck of cards.

Rob Bluey

December 21, 2012 at 9:00 am

“When you can’t make them see the light, make them feel the heat.”

President Ronald Reagan’s sound advice rang true yesterday. Grassroots activists and conservative groups, led by Heritage Action for America, derailed a plan to raise taxes on some Americans and small businesses.

Lacking votes from his own party, Speaker John Boehner (R-OH) called off consideration of “Plan B” last night, sending lawmakers home for Christmas instead. When the dust settled, conservatives stuck to their principles: to cut spending without raising taxes.

When they return to work, all eyes will be on President Obama and Senate Majority Leader Harry Reid (D-NV). Their failure to act has left the nation on the brink of the fiscal cliff.

It didn’t have to come to this. Nearly five months ago, on August 1, the House of Representatives voted to prevent a tax hike on all Americans. The measure passed on a 256-to-171 vote, winning the support of 19 Democrats.

Meanwhile, as Obama divided the country with his class-warfare campaign, Reid sat idle.

Heritage’s Patrick Louis Knudsen, the Grover M. Hermann Fellow in Federal Budgetary Affairs, wrote last month about the Senate’s failure to act:

Although the House passed legislation this year replacing the across-the-board cuts with specific policy changes, the Senate refused to act, forcing any resolution to wait until after this year’s election. Now this large problem joins with other unresolved issues, such as the “doc fix” (extending Medicare physicians’ payment rates) and extended unemployment benefits—and another debt-ceiling increase looms early next year as well.

Now there are just 11 days left before Americans face a massive slate of tax hikes and reckless defense cuts. The fiscal cliff will affect all American taxpayers, with an average increase of more than $4,100 in taxes.

This is unacceptable.

Reid could have brought the House-passed measure to the Senate for an open debate and vote. He could have instructed Senate Budget Chairman Kent Conrad (D-ND) to produce a budget. Instead, Reid did neither. The Senate has now gone 3 years, 7 months, and 22 days without a budget.

Boehner, who oversaw passage of Republican-drafted budgets in 2011 and 2012, was right to place blame on the Senate for failing to act:

Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff. The House has already passed legislation to stop all of the January 1 tax rate increases and replace the sequester with responsible spending cuts that will begin to address our nation’s crippling debt. The Senate must now act.

Heritage Action, our sister organization, has urged lawmakers to remain true to their principles. Earlier this week at a Capitol Hill press conference, Heritage Action chief executive Michael Needham led a group of conservative leaders, including Representative Tim Huelskamp (R-KS), to voice opposition to a tax increase.

>>> VIDEO: Conservative Leaders on the Fiscal Cliff

In a statement last night, Needham commended the House for acting months ago and urged Obama and Reid to “reject the political gimmicks and demonstrate that same level of seriousness.”

Throughout the fiscal cliff negotiations, Obama has demonstrated a lack of seriousness. Heritage’s Alison Acosta Fraser recounted earlier this week that Obama initially wanted an $800 billion tax increase, only to later double that demand to $1.5 trillion. His plan lacks any substantive spending cuts, insisting on tax hikes first. And to top it off, the more concessions Republicans have made, the more Obama wants to take from the American people.

Enough is enough.

Conservatives stood their ground last night and sent a powerful message. Now it’s time for lawmakers to take the “least repugnant remaining resolution to the fiscal cliff,” as Heritage’s J.D. Foster wrote earlier this week, and pass a temporary measure that extends all tax rates and all spending policy without sequestration cuts through March 31, 2013.

That’s the best possible outcome in this unfortunate situation.

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It is obvious to me that if President Obama gets his hands on more money then he will continue to spend away our children’s future. He has already taken the national debt from 11 trillion to 16 trillion in just 4 years. Over, and over, and over, and over, and over and over I have written Speaker Boehner and the Congressmen (Griffin, Womack, Crawford) in Arkansas concerning this. I am hoping they will stand up against this reckless spending that our federal government has done and will continue to do if given the chance.

I have written and emailed Senator Pryor over, and over again with spending cut suggestions but he has ignored all of these good ideas in favor of keeping the printing presses going as we plunge our future generations further in debt. I am convinced if he does not change his liberal voting record that he will no longer be our senator in 2014.

I have written hundreds of letters and emails to President Obama and I must say that I have been impressed that he has had the White House staff answer so many of my letters. However, his policies have not changed. He is committed to cutting nothing from the budget that I can tell.

Back in 1980 Ronald Reagan was elected during a time where the economy of the USA was about what it is now. How did he get the economy to grow? He listened to his old friend Milton Friedman and he put in conservative principles to slow the growth of spending and he cut taxes.

We need to pass a Balanced Budget Amendment!!!! It is obvious to me that if President Obama gets his hands on more money then he will continue to spend away our children’s future. He has already taken the national debt from 11 trillion to 20 trillion in just 7 years. Over, and over, and over, and over, and over and over I have written Speaker Boehner and the Congressmen (Griffin, Womack, Crawford) in Arkansas concerning this. I am hoping they will stand up against this reckless spending that our federal government has done and will continue to do if given the chance.

I have written and emailed Senator Pryor over, and over again with spending cut suggestions but he has ignored all of these good ideas in favor of keeping the printing presses going as we plunge our future generations further in debt. I am convinced if he does not change his liberal voting record that he will no longer be our senator in 2014.

I have written hundreds of letters and emails to President Obama and I must say that I have been impressed that he has had the White House staff answer so many of my letters. However, his policies have not changed. He is committed to cutting nothing from the budget that I can tell.

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Uploaded by on Mar 26, 2011

Mark Levin “I feel that we can do great things.” Mark is excited by the proposed Balanced Budget Amendment. He states that this would be a great thing for America to pass. He believes the Balanced Budget Amendment will help bring the nation back to it’s Constitutional roots. Mark explains what the amendment is and how it will work. In his February 1983 classic essay, Nobel Prize-winning economist Milton Friedman gives his opinion on a balanced budget amendment that requires a super majority to raise taxes. Friedman states, “The purpose of the balanced-budget-and-tax-limitation amendment is to limit the government in order to free the people—this time from excessive taxation. Its passage would go a long way to remedy the defect that has developed in our budgetary process.” Part #1 3-25-2011

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Mark Levin and Senator Hatch discuss the balanced budget amendment and it’s importance.

Uploaded by on Jan 28, 2011

Mark Levin interviews Senator Hatch 1/27/2011 about the balanced budget amendment. Mark is very excited about the balanced budget amendment being proposed by Senator Orin Hatch and John Cornyn and he discusses the amendment with Senator Hatch. Senator Hatch explains the bill it’s ramifications and limitations. Senator Hatch actually worked on this bill with renowned economist Milton Friedman. This ammendment is the first big step in saving our country.

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Joe Walsh on Balanced Budget Amendment

Sadly Senator Pryor has voted against the Balanced Budget Amendment over and over in his long time in the Senate. Senator Pryor: “There are a lot of people who think a balanced-budget amendment solves all the fiscal problems. I completely disagree.” (Peter Urban, Pryor Tilts Balanced Budget, Southwest Times Record, 11/17/11)

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Office of the Majority Whip | Balanced Budget Amendment Video

In 1995, Congress nearly passed a constitutional amendment mandating a balanced budget. The Balanced Budget Amendment would have forced the federal government to live within its means. This Balanced Budget Amendment failed by one vote. 16 years later, Congress has the chance to get it right. Our time is now.

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(CNSNews.com) – Rep. Louie Gohmert (R-Texas) will not vote for a balanced budget amendment proposal unless it includes a cap on federal spending.

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________ Dan Mitchell quotes from Milton Friedman video on his blog!!! Wise Words on Regulation and Consumer Freedom from Milton Friedman December 26, 2014 by Dan Mitchell It’s time to correct a sin of omission. In five-plus years of blogging, I haven’t given nearly enough attention to the wisdom of the late (and great) Milton Friedman. […]

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FRIEDMAN FRIDAY We should listen to Milton Friedman!!!!

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Republicans need to stand up to President Obama on fiscal cliff

December 27, 2012 – 4:58 pm

 

No one could communicate better than Milton Friedman the principles of freedom and liberty. When taxes are raised then it cuts down our freedom. I am hoping the Republicans will stand up to President Obama on this issue of the fiscal cliff and raising the debt limit.

There’s No Good Outcome to the Fiscal Cliff Fight

December 26, 2012 by Dan Mitchell

We’ve opened all our presents, spent time with family, and enjoyed some tasty food.

Notwithstanding all this good cheer, there’s a a cloud of doom on the horizon. And that horizon is Washington, DC, America’s work-free drug city.

It appears that there’s no way of avoiding a tax increase. Either we go over the cliff, meaning across-the-board hikes for those who pay federal income tax, or Republicans acquiesce to Obama’s class-warfare tax agenda.

No wonder Santa left one unwanted present.

Santa Higher Taxes

I explain the grim outlook for Fox Business News, though my display of sartorial Christmas splendor somewhat offsets the dour topic.

In the interview, I don’t say what should happen, though I’ve previously argued that it’s better to go over the cliff rather than give Obama a victory that will set the stage for further defeats over the next two years.

Better to have a bigger tax hike now, in other words, than to create a precedent that will lead to even larger losses in 2013 and 2014.

Besides, it’s quite possible that Obama is bluffing and this is the right way to get all the tax cuts extended.

But I admit there’s lots of guessing and speculation in those sentences.

There is one thing, however, that I can say with complete confidence. We don’t need a tax increase to balance the budget. We can get rid of red ink in just 10 years simply restraining spending so that it grows by only 2.5 percent per year.

P.S. Notwithstanding the last sentence, our main fiscal goal should be smaller government, not a balanced budget.

P.P.S. I was glad to have an opportunity in the interview to defend Robin Hood’s reputation. As I’ve explained, he was a Tea Party guy, helping to reclaim and return money that was taken by the tax collectors of Prince John and the Sheriff of Nottingham. Here’s another Ken Catalino cartoon that sort of makes this point.

Obama Reverse Robin Hood

I’ve also had to correct Cal Thomas on Robin Hood’s philosophical bona fides, so this is a very common mistake.

P.P.P.S. This is my second attempt at creating a video in the absence of the Cato expert. There’s a hiccup around the 2:25 mark, but I think the picture quality is much better than my first effort.

P.P.P.P.S. If you like the red jacket, previous attempts to be on the cutting edge of fashion can be seen here and here.

By Everette Hatcher III | Posted in Cato Institute, Economist Dan Mitchell, Milton Friedman, President Obama, spending out of control, Taxes | Comments (0)

Dear Senator Pryor, why not pass the Balanced Budget Amendment? (“Thirsty Thursday”, Open letter to Senator Pryor)

December 27, 2012 – 6:40 am

Washington Spending 101: How to Stop the Explosion of Debt

Uploaded by on Jul 30, 2011

http://rsc.jordan.house.gov/ Follow us on Twitter @RepublicanStudy

Reagan: “Only a constitutional amendment will do the job. We’ve tried the carrot, and it failed. With the stick of a balanced budget amendment, we can stop government’s squandering, overtaxing ways, and save our economy.”

The growing momentum toward requiring Washington to actually balance its budget shows that House Republicans have connected with the American people. Leading Democrats are another story. Senator Reid and President Obama are still trying to fool the American people into thinking we can keep borrowing and spending like there is no tomorrow.

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Dear Senator Pryor,

Why not pass the Balanced  Budget Amendment? As you know that federal deficit is at all time high (1.6 trillion deficit with revenues of 2.2 trillion and spending at 3.8 trillion).

On my blog www.HaltingArkansasLiberalswithTruth.com I took you at your word and sent you over 100 emails with specific spending cut ideas. However, I did not see any of them in the recent debt deal that Congress adopted. Now I am trying another approach. Every week from now on I will send you an email explaining different reasons why we need the Balanced Budget Amendment. It will appear on my blog on “Thirsty Thursday” because the government is always thirsty for more money to spend.

What we are doing now is not working. President Ronald Reagan said, “Only a constitutional amendment will do the job. We’ve tried the carrot, and it failed. With the stick of a balanced budget amendment, we can stop government’s squandering, overtaxing ways, and save our economy.”

Ericka Andersen

December 14, 2011 at 11:09 am

In case you’re not keeping track, it has been nearly 1,000 days since the United States Senate passed a budget. Meanwhile, America’s fiscal nightmare keeps growing, and those on the left—including Members of the Senate—keep advocating for even more spending despite America’s $15 trillion national debt. That’s an important record to keep in mind as the Senate votes today on two versions of the Balanced Budget Amendment (BBA).

A BBA is constructive, but it’s not the final answer to America’s fiscal woes despite the tools it offers—in large part because it fails to tackle entitlement reform, the most detrimental driver of spending in this country. A BBA is not a neatly packed solution, as no constitutional amendment can replace the hard work of true spending reforms.

However, Republicans ensured earlier this year that the 2011 Budget Control Act required a vote on a BBA. Their commitment to ending big government’s reckless behavior was well-meaning but flawed, and a BBA has already failed in the House.

The proposed amendment being debated in the Senate was chosen from several previous versions and is sponsored by Senators Orrin Hatch (R–UT), Mike Lee (R–UT), and John Cornyn (R–TX), among others. It is stricter and it fundamentally differs from its counterpart in the House, but it still lacks in several areas.

Cornyn spoke at The Heritage Foundation last month about the BBA, saying that the American people are “justifiably very skeptical of Washington” right now. “I think we need to prove to them that we are serious about solving the problem, not that we are just going through the motions,” Cornyn said. “I think [a BBA] is called for under the circumstances we are in.”

The proposed amendment addresses many key issues requiring disciplinary action on the $15 trillion federal debt. These include a spending cap of 18 percent of GDP, a three-fifths vote to raise the debt ceiling, and a two-thirds votes to raise taxes—all helpful actions to getting America back on the right path. It also requires that the President submit a balanced budget to Congress every year.

While the details of this proposal are an improvement to some of the previous, weaker BBA proposals, it still doesn’t solve America’s spending problem.

The Heritage Foundation has supported and covered extensively our ideas for a balanced budget in the Saving the American Dream plan. A major component of that plan would be to undertake entitlement reform by amending existing federal laws that provide permanent or indefinite appropriations to federal agencies or programs. This BBA does not provide this kind of essential direction for long-term budget maintenance.

As Heritage’s David Addington has noted, an appropriate BBA should be intentionally focused on driving down spending, taxation, and borrowing. Such focus is especially important right now because of the massive federal debt and these yet-to-be reformed entitlement programs.

Even more importantly, a supermajority must be able to temporarily waive a BBA if it is crucial to national security, as such is the first constitutional priority of the federal government.

The Lee version of the BBA permits only a partial waiver when the U.S. is engaged in a congressionally authorized “military conflict”—and the particulars can get sticky. The flexibility for national security is essential if a BBA is to be amended to the Constitution.

An acceptable BBA should also provide its own enforcement and prevent government from borrowing money to meet the balance requirement. Any loopholes that contradict the BBA’s overall purpose will serve only to push America further from fiscal prosperity.

As Heritage’s Matt Spalding explained just before the failed House vote last month, Congress should be taking every opportunity it has to first and foremost cut and cap federal spending:

A part of the long-term agenda to rein in government is an appropriate and sound amendment to the Constitution that would keep federal spending under control in subsequent years. Indeed, the principal reason for adopting a balanced budget constitutional amendment is to limit the size and scope of the federal government by limiting its spending.

Despite its weaknesses, the BBA retains worthy components, making it harder to raise taxes by requiring a two-thirds super-majority of both houses.

As Hatch said in conference call with bloggers on Monday, the BBA “will finally put a straightjacket on Washington’s ability to continue profligate spending of the American people’s money.”

He said that the failure of the congressional super committee to reach an agreement to cut between $1.2 and $1.6 trillion from the federal debt over the next 10 years demonstrated a need for a BBA.

But it’s important to be cautious when approaching what some have deemed the answer to America’s fiscal disaster.

In his post, Spalding highlighted the complications in passing a BBA:

While considerable work has been done to develop a robust amendment, questions of amendment language (both in terms of operational construction and enforcement) have not yet sufficiently been resolved to meet the high and deliberative standard of the United States Constitution.

Like the House version, the Senate BBA is not expected to pass today, which will leave more quality time for consideration of what is best for renewing America’s course to fiscal repair.

Amending the Constitution requires that the American people have sufficient time to converse and comprehend the implications such a change would bring. The Senate should consider carefully today all the factors involved now and in the future for a BBA.

________

Thank you again for your time and for this opportunity to share my ideas with you.

Sincerely,

Everette Hatcher

By Everette Hatcher III | Posted in spending out of control | Comments (0)